SpaceX Slips, Getty Images Gains, Intel Rises After Trump Touts Apple Chip Deal
On this episode of Stock Movers:
-SpaceX (ticker SPCX) shares slipped for a third straight day after the Elon Musk-led company said it is selling investment-grade bonds for the first time, part of what’s expected to be a massive borrowing spree to fund its artificial-intelligence ambitions. The stock fell more than 8% Monday morning in New York. The drop follows a retreat of more than 8% over Wednesday and Thursday, before the US market closed Friday for the Juneteenth federal holiday.
- Getty Images (ticker GETY) announced a display agreement with OpenAI. Under the partnership Getty Images’ licensed content libraries will appear across OpenAI search and discovery experiences within ChatGPT. shares rose as much as 136% on Monday, the most in 4 years.
- Intel (ticker INTC)'s stock is surging again after after President Trump said last week that the chipmaker will work with Apple Inc. to design and produce semiconductors domestically.The iPhone maker has held exploratory discussions about using Intel and Samsung Electronics Co. to produce the main processors for its devices in the US, Bloomberg previously reported.“I decided to help Intel because we need to design and build our Chips right here in America,” Trump posted. “Apple has agreed to work with Intel to design and build its Chips in America.”
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